Book Release: "$200 Billion Broadband Scandal"
Message 22115078
Baldie my old friend, they are ripping our farking baltz off and laughin all the way to da bank!
$200 Billion Broadband Scandal
New investigative ebook offers a micro-history of Verizon, SBC, Qwest, and BellSouth’s (the Bell companies) fiber optic broadband promises and the consequence harms to America’s economic growth because they never delivered and kept most of the money, about $200 billion.
New York: This is one of the largest scandals in American history. America is 16th in the world in broadband and the US DSL current offerings are 100 times slower than other countries such has Japan and Korea. How did we go from Number 1 in the web to 16th in broadband and falling?
But more importantly, are customers owed $2000 for a fiber optic service they paid for but never received? Did towns and cities, libraries and schools, government agencies, and every residential and business customer subsidize new networks that never showed up?
And did America lose $5 trillion in economic growth, $500 billion annually, because of these missing networks?
Broadband Scandals is a well-documented expose, 406 pages and 528 footnotes. Using the phone companies' own words (and well as other sources), the book outlines a massive nationwide scandal that affects every aspect of state of the Internet. Not only the web but broadband, municipalities laying fiber or building wifi networks, not to mention related issues such as such as VOIP, cable services, the cost of local phone service, net neutrality, the new digital divide, and even America's economic growth.
The fiber optic infrastructure you paid for was never delivered.
Starting in the early 1990's, with a push from the Clinton-Gore Administration’s "Information Superhighway", every Bell company — SBC, Verizon, BellSouth and Qwest — made commitments to rewire America, state by state. Fiber optic wires would replace the 100-year old copper wiring. The push caused techno-frenzy of major proportions. By 2006, 86 million households should have had a service capable of 45 Mbps in both directions, (to and from the customer) could handle over 500 channels of high quality video and be deployed in rural, urban and suburban areas equally. And these networks were open to ALL competition.
In order to pay for these upgrades, in state after state, the public service commissions and state legislatures acquiesced to the Bells’ promises by removing the constraints on the Bells’ profits as well as gave other financial perks. They were able to print money — billions of dollars per state — all collected in the form of higher phone rates and tax perks. (Note: each state is different.) |
